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Could The Price Of Bitcoin Go To $1 Million?

Could The Price Of Bitcoin Go To $1 Million?

Could the Price of Bitcoin Go to $1 Million? Bitcoin has reached an all-time high, so is a price of $1 million possible for the digital currency? As I write this, digital currency bitcoin has hit yet another all-time high above $2,400, and is currently around $2,360. Bitcoin has experienced breathtaking gains so far this decade, and many experts are wondering -- could Bitcoin potentially rise to $1 million? There are a few potential factors that could be driving the current rally: Recently, legislation in Japan allowed retailers to start accepting bitcoin as a legal currency. Political uncertainty makes bitcoin feel safer relative to certain currencies. For example, in Venezuela, where the economy is collapsing, bitcoin is being used to buy food. Calming of fears that the blockchain (the underlying technology behind bitcoin) could be split, creating two separate currencies. Speculation could also be playing a big role. I'm not saying that bitcoin is necessarily in a bubble, but an asset skyrockets in value, people tend to jump in, creating buying pressure and pushing the price even higher. Theoretically, yes, although consider what that would mean. As of this writing, there are approximately 16.35 million bitcoins in circulation. A price of $1 million each would translate to a total value of $16.35 trillion for all of the bitcoins in existence. Currently, the total value of bitcoin is about $39 billion. Meanwhile, the U.S. money supply (M2), which includes all physical currency, demand deposits, savings accounts, and money market accounts, is about $13.5 trillion. And this is just one country's money supply -- bitcoin, on the other hand, is a truly international currency. In fact, U.S.-based transactions are one of the smaller sources of bitcoin volume. With that in mi Continue reading >>

$1,000,000 Usd Per Bitcoin : Bitcoin

$1,000,000 Usd Per Bitcoin : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

Bitcoin Price | Btc Usd | Chart | Bitcoin Us-dollar | Markets Insider

Bitcoin Price | Btc Usd | Chart | Bitcoin Us-dollar | Markets Insider

Bitcoin keeps coming back in the headlines. With any Bitcoin price change making news and keeping investors guessing. In countries that accept it, you can buy groceries and clothes just as you would with the local currency. Only bitcoin is entirely digital; no one is carrying actual bitcoins around in their pocket. Bitcoin is divorced from governments and central banks. It's organized through a network known as a blockchain, which is basically an online ledger that keeps a secure record of each transaction and bitcoin price all in one place. Every time anyone buys or sells bitcoin, the swap gets logged. Several hundred of these back-and-forths make up a block. No one controls these blocks, because blockchains are decentralized across every computer that has a bitcoin wallet, which you only get if you buy bitcoins. True to its origins as an open, decentralized currency, bitcoin is meant to be a quicker, cheaper, and more reliable form of payment than money tied to individual countries. In addition, it's the only form of money users can theoretically "mine" themselves, if they (and their computers) have the ability. But even for those who don't discover using their own high-powered computers, anyone can buy and sell bitcoins at the bitcoin price they want, typically through online exchanges like Coinbase or LocalBitcoins. A 2015 survey showed bitcoin users tend to be overwhelmingly white and male, but of varying incomes. The people with the most bitcoins are more likely to be using it for illegal purposes, the survey suggested. Each bitcoin has a complicated ID, known as a hexadecimal code, that is many times more difficult to steal than someone's credit-card information. And since there is a finite number to be accounted for, there is less of a chance bitcoin or fractio Continue reading >>

Converter For Satoshi Bitcoin And Other Currencies

Converter For Satoshi Bitcoin And Other Currencies

You can use our website to find out how much one satoshi or bitcoin costs in all kinds of currencies, how many satoshis there are in one US Dollar, how many Euro there are in one bitcoin.The calculator can convert currencies both ways you can find out how many satoshis or bitcoins you need to buy one unit of a fiat currency, such as USD, EUR, GBP, CNY and others. Each bitcoin (1 BTC) can have a fractional part of up to 8 digits so 1 bitcoin can be divided into 100 000 000 units.Each of these bitcoin units (0.00000001 BTC) is called a satoshi. A satoshi is the smallest unit in a bitcoin.This unit is named after Satoshi Nakamoto the alias of the bitcoin creator.There are also intermediate measurement units (microbitcoins, millibitcoins, bitcents). See the complete table of units below. Continue reading >>

Hypothetically, I Have 100,000 Bitcoins. How Do I Cash Them All Out, Safely? Also, How Do I Explain To The Irs How I Got Them In The First Place?

Hypothetically, I Have 100,000 Bitcoins. How Do I Cash Them All Out, Safely? Also, How Do I Explain To The Irs How I Got Them In The First Place?

Hypothetically, I have 100,000 bitcoins. How do I cash them all out, safely? Also, how do I explain to the IRS how I got them in the first place? This article from CoinDesk speaks to the advantages of using an OTC Broker instead of an exchange to liquidate a large position in Bitcoin. How Bitcoin Brokers Trade Millions Without an Exchange . Trading over the counter offers several advantages over placing an order on an exchange. For one thing, traders get to protect their capital from the effects of price slippage. Slippage is what can happen when an investor sells a large block of coins on an exchange all at once. If the sell order is large enough, it can cause the price on the exchange to fall as it is filled. As a result, the seller can lose a substantial chunk of the proceeds by the time the entire order is filled. Just how much of a trade is lost to slippage is difficult to quantify, according to George Samman, a co-founder of BTC.sx and a former portfolio manager at a New York investment firm. In a hypothetical trade where an investor sold 100 BTC on BitStamp at today's price of about $490, he or she would stand to lose up to 10% to slippage. There is the issue of trust which is also discussed in the article. Extreme care must be exercised in the selection so that broker does not turn out to be a crook. Appended after questioner added their last sentence. With $100 million in play you must retain a lawyer for guidance on potential violations of laws governing reporting income, tax shelters, money laundering, gift taxes and gambling winnings. Consider moving to a tax friendly nation before starting any liquidation of your stash. You need to declare the income as long term capital gain when you sell the bitcoins. This declaration is made on Schedule D of your IRS 10 Continue reading >>

Modeling The Future Price Of Bitcoin - Is $1,000,000 Possible?

Modeling The Future Price Of Bitcoin - Is $1,000,000 Possible?

Modeling the Future Price of Bitcoin - Is $1,000,000 Possible? Can the price of Bitcoin reach two thousand dollars, ten thousand, or more? What is the current price of Bitcoin today? Even if you consider the blockchain as the fundamental innovation of Bitcoin, the Bitcoin price matters, and indeed, the higher the Bitcoin price, the more Bitcoin is protected from nefarious actors. In this video we focus on the Bitcoin price, specifically in the attempt to model the future price of Bitcoin. Big investors make price models for assets but the trouble is they keep this information private. Will the Bitcoin price go up? How high will Bitcoin go if it does? These are all questions for speculators. Models may not predict the future Bitcoin price, but the certainly provide a better understanding. In this video, James D'Angelo walks you through the concepts and challenges of modeling the future price of Bitcoin. From velocity, transaction volume, supply, to all the big markets Bitcoin proposes to disrupt (hedge funds, gold, e-commerce, money supply, remittances etc). Better still we walk you through the alpha version of our open-source model.### Transcript Hello, this is James D'Angelo and welcome to the Bitcoin 101 Blackboard Series. Today we're going to be looking at modeling the price of Bitcoin. Specifically, we're going to be looking at trying to answer the question, could there be a 50,000, 100,000 or million dollar Bitcoin? And when you go to model Bitcoin clearly it's important to realize that you cannot model Bitcoin accurately. You will come up with no models that will predict the exact price of Bitcoin. That's just plain impossible. But models are really great for building understanding and indeed we've built a model that we're going to show you in a few minutes that Continue reading >>

Bitcoin Will Hit $1 Million In 5-10 Years, Says Paypal Director

Bitcoin Will Hit $1 Million In 5-10 Years, Says Paypal Director

Bitcoin Will Hit $1 Million in 5-10 Years, Says PayPal Director Join our community of 10 000 traders on Hacked.com for just $39 per month. Wences Casares , CEO of bitcoin wallet Xapo and member of PayPals board of directors has made a compelling forecast on bitcoins value over the next decade. The bitcoin entrepreneur and executive was speaking at the Consensus 2017 conference in New York. Taking the stage at a dinner organized by bitcoin and blockchain advocacy group Coin Center, Casares speech was quite the hit. @wences ' speech at the 2017 @coincenter gala dinner will go down in #Bitcoin 's history as a true gem. #blockchain #consensus2017 pic.twitter.com/2zlhX0M0fJ While we did not attend and are unable to find a video of the talk, there are a few notable takeaways from scatterings of his speech reported online. Putting bitcoin under the spotlight, Casares opined that the internet doesnt have a currency and it desperately needs one, pointing to the worlds most popular cryptocurrency. The biggest mistake [would] be to buy more bitcoin than you can afford to lose. The biggest mistake is [also] not to own any bitcoin, he told the gathered audience. Put 1% of your net worth in Bitcoin and forget about it for 10 years Casares added, baiting new investors to adopt the cryptocurrency. His speech also included a prediction for the cryptocurrency, where one bitcoin would hit $1 million before the next ten years. Whoa. PayPal guy & @xapo @wences : only buy the #bitcoin you can afford and predicts it will hit $1 million in 5-10 yrs #consensus2017 Casares has long been a tech entrepreneur. As the founder of Argentinas first internet service provider, he is also among the earliest evangelists of Bitcoin. He went on to launch a retail bank in Brazil before eventually launching b Continue reading >>

100% Accurate Satoshi To Usd | Satoshi To Btc (bitcoin) Converter

100% Accurate Satoshi To Usd | Satoshi To Btc (bitcoin) Converter

You are at: Home Satoshi to USD Converter The following page supplies a simple conversion tool from Satoshis (0.00000001 Bitcoins) to USD / EUR / CNY / GBP / RUB / CAD. It is updated live as soon as you enter the value of Satoshis you require. You can click the refresh button to get an updated value at any time. Continue reading >>

Bitcoin: How Rich You'd Be If You Invested A Year Ago | Money

Bitcoin: How Rich You'd Be If You Invested A Year Ago | Money

Here's How Rich You Would Be If You Bought $1000 Worth of Bitcoin a Year Ago A souvenir coin of the bitcoin cryptocurrency at MaRSe Bitcoin Center in Moscow. For an asset often named in tandem with drug trafficking and the dark web just a few years ago, its hard to imagine that optimism surrounding Bitcoins potential legitimacy could take the asset to more than $11,000 in value as of Wednesday. And yet, here we are, with the price of Bitcoin up more than 900% in the past 12 months. Bitcoins early use as a way to buy and sell illegal goods via the now defunct online black market Silk Road was once a defining feature of the cryptocurrency. Now its just a rebellious phase of the Bitcoins growth story. Recent interest in Bitcoin from institutional investors has certainly given its narrative a different tinge. Earlier this year, the worlds largest futures exchange, the Chicago Mercantile Exchange, said it would offer Bitcoin futures due to demand from its clients. Bitcoin investors took it as a good sign. The introduction of futures would in theory increase the number of institutional investors in the Bitcoin world thereby increasing the markets liquidity and stability. Meanwhile, the Nasdaq and Cantor Fitzgerald are also reportedly planning their own Bitcoin futures exchanges . So what if an investor had gotten in on the Bitcoin bet before the CME decided to offer Bitcoin futures? Well, if you had decided to go onto a Bitcoin exchange and buy some $100 worth of Bitcoin a year ago, it would be worth about $1,382 today, with Bitcoin prices resting at about $10,255 (Bitcoin exchanges such as Coinbase allow users to buy a fraction of a Bitcoin). Continue reading >>

How Much Usd Do You Get By Selling Let's Say 1,000,000 Btc? : Bitcoin

How Much Usd Do You Get By Selling Let's Say 1,000,000 Btc? : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

The Experts Who Believe One Bitcoin Could Be Worth $1,000,000 Bernank's Press

The Experts Who Believe One Bitcoin Could Be Worth $1,000,000 Bernank's Press

Most of the people who are on the sidelines not buying bitcoins today will start to buy when it gets over $1,000, and then a greater percentage of people will definitely plow into bitcoin once it trades over a $10,000, once said financial analyst Max Keiser on his RT show The Keiser Report. The irreverent Mr. Keiser, a longtime proponent of buying silver, is one of the many leading Bitcoin voices who believe that bitcoin wont only reach its all-time highs of approximately $1,200 USD, but will then increase to $10,000, and even $1,000,000 per bitcoin. Some of them are included in a video which feature those who believe Bitcoin could reach $10,000 to $1,000,000. Those who agree cite reasons including Bitcoins deflationary model, fiat currency inflation and hyperinflation, currency war, and increased demand for Bitcoin as it proves itself useful to increasing number of individuals. Mr. Keiser often interviews Rick Falkvinge, a more calculating financial analyst than Keiser who uses data to demonstrate that, indeed, Bitcoin very well could one day be worth $1,000,000. Mr. Falkvinge, like other analysts, view Bitcoins central value as the cryptocurrencys transactional purposes, which is made possible by the underlying blockchain technology. The question then becomes: How much of the transactional market can Bitcoin capture? Estimating the size of the transactional currency market is hard to do, but the amount of money in circulation worldwide is posited at 60 trillion. Mr. Falkvinge believes its reasonable for Bitcoin to capture 1% to 10%. Mr. Falkvinge writes : This leads us to a target market cap of 600 billion to 6 trillion USD, to be fulfilled by about 6 million bitcoin, which makes for easy calculations. That means that each bitcoin would be worth $100,000 at the low m Continue reading >>

#1 Satoshi To Usd Converter (easy!)

#1 Satoshi To Usd Converter (easy!)

Many people who use Bitcoin faucets want to check the value of their satoshis in USD, so we made this easy calculator for people to do just that! How can I grow the values of the satoshis? The best way is probably to just hold the satoshis and hope the rise in value. Why is USD used to calculate satoshis value? Most BTC is traded in USD, so that is also a popular way to calculate satoshis value. Each bitcoin (BTC) is divisible to the 8th decimal place, so each BTC can be split into 100,000,000 units. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi. A Satoshi is the smallest unit of Bitcoin. Satoshi to Bitcoin is a Bitcoin converter/calculator. Right now, we offer two converters: Satoshi to BTC and BTC to Satoshi. Continue reading >>

Will Bitcoin Price Reach $1 Million U.s. Dollars? Yes, And Here's Why

Will Bitcoin Price Reach $1 Million U.s. Dollars? Yes, And Here's Why

interesting to read comments of 2 years old Glad theyve manage to update the BTC protocol. The 4 tx/sec was a serious limit for its growth. So it may take 100 years, along with the currency youre comparing to that you say will collapse. So, if, in 100 years, $1 million U.S. dollars can only buy you a pencil, your one bitcoin, also worth $1 million, will also only buy you a pencil. This, and me being long gone, makes my million dollar bitcoins useless to me. In any event, I do own some bitcoins, but it isnt like that owning them that theyre my fully funded retirement account. I just looked at a website listing a whole list of bitcoin predictions from last year predicting the value this year. All but one were way off, with predictions from several thousand dollars on up. All these pundits are baloney artists. A couple might get lucky in a prediction, but I dont listen to them. A million dollar bitcoin would still be able to buy the same amount of stuff as you can now. You fail to realize the world gdp. If bitcoin = just 5% of gold each coin is 35k. Bitcoin is easily worth 1 million. Gold be bad comparison as its not traded for goods/services etc. The fiat volume would be better indicator. Thus setting aside same percentage as gold/cash ration to represent hoarding storage in bitcoin is a good start. The current bitcoin is mostly recognized in international trade as it has no value locally at current state. When bitcoin hits 1T volume, it be easier to see where one market fell from bitcoin rise and give you better indication where and how bitcoin is used. If USD collapses, then the exchange value is irrelevant as no one would trade BTC with/to USD. I guess predicting stock market is easier? The appropriate thing to do when writing a piece of journalism, would be to includ Continue reading >>

The Case For The $1 Million Dollarbitcoin

The Case For The $1 Million Dollarbitcoin

Cofounder Vermundi, Head of Marketing DBOT and Fundamental Interactions | Advisor and Mentor, Bunker Labs New York City The Case for the $1 Million DollarBitcoin Bitcoin is going to $1 million dollars! Well thats what Bitcoin maximalists are saying. But is that true? Is it even possible? As the proverbial experts debate the future of money and the real value of digital assets, there is a genuine business case to be explored. Rather than just recklessly speculate and encourage investing all of your savings into this digital asset, lets objectively discuss some of the underlying facts, assumptions, and general requirements needed for the possibility of this seemingly unreasonable price to be assigned to one single Bitcoin. Before I begin, I would like to disclose that I have no insider knowledge, I have not run advanced prediction models, nor did I previously predict with any degree of certainty the current price of todays Bitcoin. And even if I did, I would like to caution that the market is going to do what the market is going to do. What the 1 Million Dollar BitcoinImplies In order for there to be a 1 million dollar Bitcoin, we must consider the forces that are currently in play and as well as differentiate between price of Bitcoin and its perceived value. These are inherently not the same. Price is what someone is willing to pay. Essentially, it is the monetary cost of something. Value on the other hand, derives its meaning from benefits and overall usefulness. Price is the point of focus for this discussion. And while there are price factors that are tied to the perception of value, I will concede that it is too easy to derail the dialogue by debating value when it comes to Bitcoin. The price of Bitcoin upon writing this piece is $18,500. At that price point the mar Continue reading >>

What Is Satoshi? Satoshi To Btc & Usd Converters

What Is Satoshi? Satoshi To Btc & Usd Converters

What is Satoshi? Satoshi To BTC & USD Converters By: Sudhir Khatwani In: Bitcoin Last Updated: So, if you live in the world, you are probably using some kind of national currency like INR, USD, GBP, or EUR. Some national currencies (like USD) have a cent, which is 1/100 part of the currency. Similarly, in the world of Bitcoin , there are very small currency units. In this article we will learn everything about our beloved Bitcoins & its units. Bitcoin, the worlds first cryptocurrency , has a unit called Satoshi. A Satoshi is the smallest unit of Bitcoin. It is named after Satoshi Nakamoto , the creator of Bitcoin. Each BTC is divisible until the 1/10^8 part.A unit of Satoshi is equal to 0.00000001 bitcoin. Since Bitcoins inception, it has only ever had two official units- Bitcoin and Satoshi. In 2015, Bitcoin was included under ISO 4217 which does standardization for currencies. After that, the following naming conventions have been used: This above-explained currency conversion system can be cumbersome and difficult to understand. Though the conversion involves just moving decimal places here and there, it has to be done carefully, otherwise while receiving or sending bitcoins, you can lose a significant amount. Some do-it-yourself tools are available to make this conversion simpler. We use this tool for Satoshi to bitcoin conversion and highly recommend it (free to use). Another factor which affects conversions is the fluctuating rate of fiat currency and Bitcoin. This fluctuation is based on supply and demand in the market, which makes it harder to calculate the exact amount you need to send or receive. For such conversions, special calculators are used whichkeep track of all the fluctuations under the hood and gives you accurate conversion rates. With the use of su Continue reading >>

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